STX · 10-K · 2026A · Full report
Capital Expenditure Outlook
Seagate Technology Holdings plc · 2026-08-04 · Importance 52 · Surprise 42 · In source text
Seagate had $465 million of unconditional capital expenditure commitments as of July 3, 2026, primarily for equipment, with approximately $375 million payable within one year. The company expects fiscal year 2027 capital expenditures to exceed fiscal year 2026 levels to support the volume ramp of hard drives using heat-assisted magnetic recording (HAMR) technology. Despite the expected increase, fiscal year 2027 capital expenditures are expected to remain within Seagate’s target range of 4% to 6% of revenue.
Key facts
- For fiscal year 2027, supporting volume ramp of hard drives utilizing HAMR technology, we expect capital expenditures to be higher than fiscal year 2026 and still within our target range of 4-6% of revenue. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | For fiscal year 2027, supporting volume ramp of hard drives utilizing HAMR technology, we expect capital expenditures to be higher than… |
| assets | positive | probable | — | For fiscal year 2027, supporting volume ramp of hard drives utilizing HAMR technology, we expect capital expenditures to be higher than… |